{"id":662922,"date":"2024-12-16T11:30:18","date_gmt":"2024-12-16T11:30:18","guid":{"rendered":"https:\/\/wncen.com\/?p=662922"},"modified":"2024-12-16T10:28:15","modified_gmt":"2024-12-16T10:28:15","slug":"ethereum-bulls-aim-for-4100-resistance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-aim-for-4100-resistance\/","title":{"rendered":"Ethereum Bulls Aim For $4,100 As Key Resistance Comes Into Focus"},"content":{"rendered":"

Ethereum<\/span> is once again making headlines as it edges closer to the critical $4,100 resistance level. After building steady upward momentum, the <\/span>bulls<\/span><\/a> seem determined to reclaim control and challenge this key <\/span>barrier<\/span>. Historically, this level has acted as a tough hurdle for ETH, but recent price action suggests growing buyer confidence.\u00a0<\/span><\/p>\n

As ETH edges higher, traders are keenly watching to see if this <\/span>rally<\/span><\/a> has what it takes to finally break through the resistance and set the stage for further gains. With the stakes high and the <\/span>momentum<\/span><\/a> growing, the $4,100 level could be the key to Ethereum\u2019s next big move. Will the Bulls rise to the challenge?<\/span><\/p>\n

Ethereum Price Approaches The Crucial $4,100 Resistance Level<\/h2>\n

ETH is currently trading above the 100-day Simple Moving Average (SMA), signaling a bullish trend. Following a strong rebound at $3,670, the cryptocurrency has gained steady upward strength, gradually approaching the $4,100 key resistance level.<\/span><\/p>\n

\"Ethereum\"
ETH trending above the 100-day SMA after rebounding at $3,670 price level | Source: ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

This positive <\/span>price action<\/span><\/a> suggests that market <\/span>sentiment<\/span><\/a> is shifting in favor of the bulls, with increasing buying pressure pushing Ethereum closer to this critical barrier. As the price draws closer to $4,100, traders are watching closely to see if ETH can break through this resistance and sustain its bullish momentum, possibly paving the way for more growth.<\/span><\/p>\n

Related Reading: Ethereum Price Climbs To $4,000 Amid Historic ETF Inflows: Will It Break Previous Records?<\/a><\/div>\n

Furthermore, to support this outlook, the 4-hour Relative Strength Index (RSI) reveals strong positive sentiment for Ethereum. The RSI has risen to 63%, recovering from a previous dip to 53%. Significantly, this upward movement indicates growing buying <\/span>pressure<\/span><\/a> and reflects a shift toward bullish momentum.\u00a0<\/span><\/p>\n

As the RSI climbs, it suggests that Ethereum is gaining strength, with <\/span>potential<\/span><\/a> for further upside. Thus, if ETH continues to stay above key thresholds, the crypto asset could have the strength to push through the $4,100 <\/span>resistance<\/span><\/a> level.<\/span><\/p>\n

Breaking Above The $4,100 Mark Could Spark ETH\u2019s Next Bull Run<\/h2>\n

A <\/span>breakout<\/span><\/a> above the $4,100 resistance level may serve as the catalyst for Ethereum\u2019s next bull run, unlocking notable upside potential. This level has long been a critical barrier, representing psychological and technical resistance to ETH. Should the price break above $4,100, it would signal a shift in <\/span>market <\/span><\/a>dynamics, with the bulls firmly in control and poised to drive Ethereum to the $4,863 resistance level and beyond.<\/span><\/p>\n

Related Reading: Ethereum Breaks Barriers, Targets $6K Amid Record ETF, TVL Activity<\/a><\/div>\n

However, it\u2019s important to note that a failure to break through $4,100 might lead to a pullback, triggering a retreat to lower <\/span>support<\/span><\/a> levels. A rejection at this key level would raise concerns about the sustainability of Ethereum\u2019s bullish momentum, prompting traders to reassess their positions.<\/span><\/p>\n

Presently, Ethereum is trading at approximately $3,947, with a market capitalization of $475 billion. In the past 24 hours, ETH has seen a strong trading volume of $30 billion, indicating high investor interest and healthy market liquidity as Ethereum nears key resistance levels.<\/span><\/p>\n

\"Ethereum\"
ETH trading at $3,954 on the 1D chart | Source: ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Unsplash, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum is once again making headlines as it edges closer to the critical $4,100 resistance level. After building steady upward momentum, the bulls seem determined to reclaim control and challenge this key barrier. Historically, this level has acted as a tough hurdle for ETH, but recent price action suggests growing buyer confidence.\u00a0 As ETH edges higher, traders are keenly watching to see if this rally has what it takes to finally break through the resistance and set the stage for further gains. With the stakes high and the momentum growing, the $4,100 level could be the key to Ethereum\u2019s next big move. Will the Bulls rise to the challenge? Ethereum Price Approaches The Crucial $4,100 Resistance Level ETH is currently trading above the 100-day Simple Moving Average (SMA), signaling a bullish trend. Following a strong rebound at $3,670, the cryptocurrency has gained steady upward strength, gradually approaching the $4,100 key resistance level. This positive price action suggests that market sentiment is shifting in favor of the bulls, with increasing buying pressure pushing Ethereum closer to this critical barrier. As the price draws closer to $4,100, traders are watching closely to see if ETH can break through this resistance and sustain its bullish momentum, possibly paving the way for more growth. Related Reading: Ethereum Price Climbs To $4,000 Amid Historic ETF Inflows: Will It Break Previous Records? Furthermore, to support this outlook, the 4-hour Relative Strength Index (RSI) reveals strong positive sentiment for Ethereum. The RSI has risen to 63%, recovering from a previous dip to 53%. Significantly, this upward movement indicates growing buying pressure and reflects a shift toward bullish momentum.\u00a0 As the RSI climbs, it suggests that Ethereum is gaining strength, with potential for further upside. Thus, if ETH continues to stay above key thresholds, the crypto asset could have the strength to push through the $4,100 resistance level. Breaking Above The $4,100 Mark Could Spark ETH\u2019s Next Bull Run A breakout above the $4,100 resistance level may serve as the catalyst for Ethereum\u2019s next bull run, unlocking notable upside potential. This level has long been a critical barrier, representing psychological and technical resistance to ETH. Should the price break above $4,100, it would signal a shift in market dynamics, with the bulls firmly in control and poised to drive Ethereum to the $4,863 resistance level and beyond. Related Reading: Ethereum Breaks Barriers, Targets $6K Amid Record ETF, TVL Activity However, it\u2019s important to note that a failure to break through $4,100 might lead to a pullback, triggering a retreat to lower support levels. A rejection at this key level would raise concerns about the sustainability of Ethereum\u2019s bullish momentum, prompting traders to reassess their positions. Presently, Ethereum is trading at approximately $3,947, with a market capitalization of $475 billion. In the past 24 hours, ETH has seen a strong trading volume of $30 billion, indicating high investor interest and healthy market liquidity as Ethereum nears key resistance levels. Featured image from Unsplash, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,8686,78803,16393,14763,91599,85676],"class_list":["post-662922","post","type-post","status-publish","format-standard","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt","tag-relative-strength-index","tag-rsi","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nEthereum Bulls Aim For $4,100 As Key Resistance Comes Into Focus<\/title>\n<meta name=\"description\" content=\"Ethereum is once again making headlines as it edges closer to the critical $4,100 resistance level after building steady upward momentum.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Bulls Aim For $4,100 As Key Resistance Comes Into Focus","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-aim-for-4100-resistance\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-aim-for-4100-resistance\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethusd","ethusdt","relative strength index","rsi","simple moving average","sma"],"dateCreated":"2024-12-16T11:30:18Z","datePublished":"2024-12-16T11:30:18Z","dateModified":"2024-12-16T11:30:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Bulls Aim For $4,100 As Key Resistance Comes Into Focus\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-bulls-aim-for-4100-resistance\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-bulls-aim-for-4100-resistance\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethusd\",\"ethusdt\",\"relative strength index\",\"rsi\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-12-16T11:30:18Z\",\"datePublished\":\"2024-12-16T11:30:18Z\",\"dateModified\":\"2024-12-16T11:30:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/662922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=662922"}],"version-history":[{"count":2,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/662922\/revisions"}],"predecessor-version":[{"id":662939,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/662922\/revisions\/662939"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=662922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=662922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=662922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}